Industrifonden

Sweden’s Foap, which offers an iPhone app to let users upload and sell their photos through the company’s stock photo marketplace, has raised a further $1.5 million in funding to bolster its sales efforts, and expand to the U.S.
The new capital comes from Swedish VC Industrifonden, and Maxwell Ventures, adding to the $900K the startup had already raised. Read More

It’s often said that if you’re not on Facebook you don’t exist, so dominant in our social lives has the uber-social network become. Therefore, it wouldn’t be surprising to learn that businesses — big and small — may feel the same way. Hoping to cash in on the rise of Facebook advertising is Stockholm-based Qwaya, which offers a cloud-based tool for SMEs… Read More